Shipbuilding
Shanghai delivers mini-cape
After 10-month construction period in Shanghai Shipyard (上海船厂船舶有限公司), ‘MV S1139’ was recently delivered to Dampskibsselskabet NORDEN A/S, a Danish shipping company. The newbuilding bulker is of 114,500 dwt. The shi...
2010-01-14 13:40:24
Ship prices could fall further 30%
Modern secondhand ship values could fall a further 30% as newbuilding deliveries flood the market over the next two to three years and freight rates slide. The potential drop in asset values will continue to put pressure on the amount of cash shi...
2010-01-14 07:19:39
“The worst is over”
Shipbuilding Industry is considered to be out of the worst situation. Clarksons resumed its second-hand ship price index release in 16 months after its interruption due to inactive transactions in the market. The British research center for marine...
2010-01-14 07:12:30
Zhoushan to build 42 fishing ships
In 2009, the ocean fishing industry of Zhoushan city in China has severely weakened. The confidence, however, does not seem to have disappeared yet. Recently, a newbuilding project for 42 fishing ships during 2010 to 2011 was approved in the ...
2010-01-13 14:29:23
Hanjin's largest Philippine-built tanker
Korean shipbuilder Hanjin Heavy Industries & Construction-Philippines unveiled last Friday the first and biggest crude oil tanker built in the Philippines during a naming ceremony at its compound at the Redondo Peninsula. The 114,000-dwt tanker wa...
2010-01-13 13:17:55
ABG wins three cement carriers
Precious Shipping of Thailand has formed a joint venture with India’s ABG group to build and own cement carriers, foreign media reports. The owner wants to win more business in India after clinching a charter for up to four newbuildings with Ul...
2010-01-13 08:09:20
STX gives up Azerbaijan yard project
South Korea's STX Business Group has given up its planned investment and technical assistance in Azerbaijan's new shipyard construction project under the pressure of the global financial woes. Instead, Singapore's Keppel group has come forward to ta...
2010-01-13 08:05:50
Great Eastern eyes newbuildings
Great Eastern (GE) Shipping, India’s largest private sector shipping company, once again plans to acquire ships. The shipowner has sold no less than 15 ships, as well as cancelling orders for three new ships in the last 18 months. Prices for ve...
2010-01-13 07:45:27
Pertamina to launch VLCC tender
Indonesia's state oil and gas firm Pertamina plans to soon launch a tender to buy a new very large crude carrier (VLCC) and other smaller tankers to strengthen its owned fleet, a senior company official said on Tuesday. "We will make a survey to seve...
2010-01-13 07:41:36
Xingang launches the last of 14-ship series
On January 8th, China’s Tianjin Xingang Shipbuilding Heavy Industry （天津新港重工） successfully launched a 37,600-dwt bulk carrier ordered by Polish shipowner. Just two days before this event, the shipbuilder signed a contract with Yue...
2010-01-13 06:52:35
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